All Forum Posts by: Ben Ruffing

Hello,

I am a teacher for my job and have 2 duplexes now. I am focusing on trying to find off market deals and working with creative finance since expansion is slow moving based on my salary, and I'm too impatient to wait for the duplexes to earn another down payment.

Is there a financing option that I am missing to get a loan for a down payment? One hard money lender told me they don't do loans of that nature, and I am meeting with a different one tomorrow.

Curious if anyone has any solutions.

Thanks! 

I'd say it's important to find out the details of the lease 1st. I purchased a property where there was a verbal lease, month-to-month, 0 security deposit, and the rent was 1/2 of the market rate... some instances you're better off having the seller evict 1st.

 Mind if I use that as a template?

Hello,

I'm just looking ahead and I know one tenant, who is not particularly clean, is not planning on renewing their lease. How do you go about walking prospective tenants through places like this? How much time do you leave yourself to transition between them to assure the place is ready for the next lease?